Skyward Specialty Insurance Group, Inc. $SKWD Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC lowered its holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 5.7% during the first quarter, HoldingsChannel.com reports. The fund owned 246,894 shares of the company’s stock after selling 14,795 shares during the period. Peregrine Capital Management LLC’s holdings in Skyward Specialty Insurance Group were worth $10,784,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SKWD. Financial Management Professionals Inc. acquired a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter worth approximately $27,000. GAMMA Investing LLC boosted its position in Skyward Specialty Insurance Group by 75.8% during the 4th quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock valued at $29,000 after purchasing an additional 248 shares during the period. Quarry LP grew its stake in Skyward Specialty Insurance Group by 558.9% during the 3rd quarter. Quarry LP now owns 995 shares of the company’s stock worth $47,000 after buying an additional 844 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Skyward Specialty Insurance Group during the 4th quarter worth $65,000. Finally, PNC Financial Services Group Inc. increased its position in Skyward Specialty Insurance Group by 840.1% in the third quarter. PNC Financial Services Group Inc. now owns 1,664 shares of the company’s stock worth $79,000 after buying an additional 1,487 shares during the period. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Skyward Specialty Insurance Group

In other news, Director Anthony J. Kuczinski bought 2,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was purchased at an average cost of $47.10 per share, for a total transaction of $94,200.00. Following the completion of the transaction, the director directly owned 15,977 shares of the company’s stock, valued at approximately $752,516.70. This trade represents a 14.31% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas N. Schmitt sold 8,397 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $51.32, for a total value of $430,934.04. Following the transaction, the insider directly owned 10,353 shares of the company’s stock, valued at approximately $531,315.96. The trade was a 44.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 8.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SKWD shares. Barclays raised their target price on Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Keefe, Bruyette & Woods raised shares of Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, March 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Skyward Specialty Insurance Group in a report on Tuesday, June 16th. Finally, Texas Capital upgraded Skyward Specialty Insurance Group to a “strong-buy” rating in a research report on Tuesday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Skyward Specialty Insurance Group currently has a consensus rating of “Moderate Buy” and an average target price of $65.00.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD opened at $58.35 on Wednesday. Skyward Specialty Insurance Group, Inc. has a one year low of $40.60 and a one year high of $61.24. The stock’s fifty day moving average is $47.82 and its 200-day moving average is $46.88. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 14.06 and a beta of 0.49.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its earnings results on Wednesday, May 6th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.13 by $0.12. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%. The firm had revenue of $475.87 million for the quarter, compared to analysts’ expectations of $665.12 million. During the same quarter last year, the company earned $0.90 EPS. Skyward Specialty Insurance Group’s quarterly revenue was up 9.9% on a year-over-year basis. Analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.93 EPS for the current fiscal year.

Skyward Specialty Insurance Group Profile

Skyward Specialty Insurance Group, Inc (NASDAQ: SKWD) is a publicly traded specialty property and casualty insurance underwriter. The company focuses on niche market segments, offering tailored insurance solutions designed to address the specific risk profiles of its target industries.

Through its underwriting platform, Skyward Specialty provides coverage in areas including general liability, professional liability, commercial package, inland marine and other selected specialty lines. Its products are distributed primarily through a network of wholesale brokers, program administrators and managing general agents, enabling the company to reach a diverse client base and adapt quickly to evolving market needs.

Headquartered in the United States, Skyward Specialty Insurance Group operates across multiple states and applies data-driven underwriting and risk management practices to maintain disciplined reserving and consistent performance.